Search the Community
Showing results for tags 'Trustees Liability'.
Found 1 result
-
Company A will be acquired by Company B over the next couple of months. In lieu of termination Company A's 401(k) the plan will be merged into Company B's 401(k) Plan. The Trustess of Company B want to know if after the merger, do the Trustees of Company B have complete liablity for Company A's Plan. For example, if there it was discoverd, there was an operational error in a prior plan year, are the Trustees of Company B held accountalbe, or does this fall back to the prior Trustees. Are they any other issues the Trustees need to address prior to merging the plans??
